Fed Lowers Interest Rates

August 26, 2020

FED Lowers Rates Lowered Rates The Federal Open Market Committee, as expected, lowered the federal funds rate by 25 basis points following its policy meeting yesterday. The cut–the second this year–reduces the federal funds rate to 1.75-2%. In making the…

7 Tips For Hurricane Preparedness

August 26, 2020

7 Hurricane Tips American Bancshares Mortgage is encouraging everyone to prepare for hurricane season by assessing their home’s risk and developing emergency plans to protect against storms. Here are seven tips that are sure to be of use: Know your…

Fannie And Freddie Plan Likely To Be Released Next Month

August 26, 2020

The Fannie And Freddie Plan The Trump administration is preparing to release as early as the first part of September its long-awaited plan to return Fannie Mae and Freddie Mac to private-shareholder ownership, according to people familiar with the matter. The proposal comes more…

FHA Moves To Back More Condo Loans Aimed At First-time Buyers!

August 26, 2020

The scope of condo purchases eligible for lower-down-payment loans is being vastly expanded by the Trump administration. The Federal Housing Administration announced yesterday that this move could help revive the entry-level condo market for first-time buyers. This is because FHA-backed…

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